The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Jefferson County Child Development Council, Inc. under programs of the federal government for the year ended May 31, 2025. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the schedule only presents a selected portion of the operations of Jefferson County Child Development Council, Inc., it is not intended to and does not present the financial position, change in net assets or cash flows of Jefferson County Child Development Council, Inc.
For purposes of the SEFA, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. The Agency has obtained Assistance Listing Number (ALN) numbers to ensure that all programs have been identified in the SEFA. ALN numbers have been appropriately listed by applicable programs. Federal programs with different ALN numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the SEFA for the year end may differ. Some of the factors that may account for any differences include the following:
§ The Program’s fiscal year end may differ from the program’s year end.
§ Accruals recognized in the SEFA, because of year end procedures, may not be reported in the program financial reports until the next program reporting period.
§ Fixed asset purchased and the resultant depreciation charges are recognized as fixed assets in the Program’s financial statements and as expenditures in the program financial reports.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance Council, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
During the year ended 2025, the Council received various forms of non-cash assistance, including in-kind contributions of goods and professional services. These contributions are recognized in the financial statements at their estimated fair value at the time of donation amounting to $371,844.
The Program elected not to use the 15% de minimis cost rate.